BP will pay California $102 million to settle a lawsuit brought by a former employee who said the company violated the California False Claims Act by selling excessively priced "exotic financial derivative products" to state and local governments as well as universities. The settlement amount is a record high for a California whistleblower suit involving an oil company, lawyers for the state said.
$102M settlement to resolve Calif. whistleblower suit against BP
Sign up for D.C. Bar Legal Brief
Global legal professionals, law students and others within the DC legal community.
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.